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Dec 22, 2012
12/12
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we saw president obama acknowledge yesterday before leaving for his vacation that the deal would -- would dramatically narrow. the parameters of a deal, scope of any possible deal, much smaller than we were looking at even a week ago. he said he would still be open to the big deal but the reality is we are running out of days hering and not a lot of progress is being made. quite the opposite. >> david, are republicans actually hoping to go over the fiscal cliff because then any vote on taxes technically would be to cut them and could go forward without saying we cut taxes? >> that's a good point. inning way to look at it. it would probably give some cover to those republicans that seems clear however big a group that is that will not vote to raise tax necessary any way. you heard yesterday's speaker boehner blamed the -- downfall of his own plan b on the idea that, you know, many thought without it raise tax owes those making over $1 million. i think what the problem of going over the cliff, republicans and doing a tax cut, would give up some of the leverage probably enforcing president o
we saw president obama acknowledge yesterday before leaving for his vacation that the deal would -- would dramatically narrow. the parameters of a deal, scope of any possible deal, much smaller than we were looking at even a week ago. he said he would still be open to the big deal but the reality is we are running out of days hering and not a lot of progress is being made. quite the opposite. >> david, are republicans actually hoping to go over the fiscal cliff because then any vote on...
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Dec 29, 2012
12/12
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KRON
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if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as sunday and have a recommendation that i can mak
if there's no deal by midnight december 31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for...
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Dec 26, 2012
12/12
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they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are wisdom heads. >> that is certainly part of the motivation there. the other part of the motivation, and the republicans were talking about it, th
they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the...
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Dec 22, 2012
12/12
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FOXNEWSW
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their vote for the obama administration. not only are they getting bonuses between $5,000 and $7,000 at the end of the year after being bailed out buss they have no increase in their healthcare cost coverages and their per hourly rated which is approximately $58 per hour is going to stay in tact. this in my opinion is a big sweetheart deal directed by the united states government. >> so the bonus are not performance based or based on seniority. how are they determining these bonuses. >> these are sign on bonuses. i don't understand the issue of sign-on bonus when you join a company. you join the company and the network away from another company. these are existing workers getting end of year bonuses that are not based on incentives. we just bailed out this company general motors not too long ago. to hand out bonuses it's very peculiar to me. again the government does own 26% of general motors. i think it's a government directed bonus pool that is a lot of pay back for the unions who voted in administration in this office. >>
their vote for the obama administration. not only are they getting bonuses between $5,000 and $7,000 at the end of the year after being bailed out buss they have no increase in their healthcare cost coverages and their per hourly rated which is approximately $58 per hour is going to stay in tact. this in my opinion is a big sweetheart deal directed by the united states government. >> so the bonus are not performance based or based on seniority. how are they determining these bonuses....
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Dec 30, 2012
12/12
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FOXNEWSW
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they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although that obviously would have a much better chance of passing congress if it gets some republican behind it. >> juliet: you're going to have lindsey graham on the show. i think it was lindsay graham the other day who said you call these public-- you announce the meetings publicly it's usually political theater. what is your assessment what's happened over the last couple of days? are we really seeing any real action going on behind the scenes in your opinion? >> well, absolutely. i mean, there's no question, and i think it's much more in terms of the staf
they come out with a deal, they may not reach a deal. it's possible that the republican leader mitch mcconnell and democrat leader harry reid may not make a compromise at which point harry reid says he'll put president obama's plan, $250,000 as a threshold for raising income tax rates and extending unemployment benefits and that's about it, put that to an up or down vote and see if republicans block it either in the senate or the house. not necessarily going to be a compromise deal although...
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Dec 26, 2012
12/12
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WBAL
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president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could dip back into recession. now, lawmakers are also headed back to d.c. in fact, the senate is back in session tomorrow. savannah? >> short holiday. lot of work to do. kristen welker in honolulu. thank you. willie? >>> former president george h.w. bush spent his christmas in a hospital after a series of setbacks delayed his release. janet shamlian is there for us. good morning. >> reporter: willie, good morning to you. doctors had hoped to speend the former president home for the holiday. due to what they are calling a turn for the worse, they were unable to do so. he spent the holiday here with h
president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could...
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Dec 28, 2012
12/12
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there's a whole nother group of obama's that i'm going to deal with, probably in a more substantive way than her, in terms of where the story really comes from. it reminded me a little bit of windows during the clinton book, and what people saw was, because he said, it is in clinton's convention acceptance, a man from hope. from hope arkansas this little town in arkansas. the simplicity of the world life and, in fact, he was from hot springs, a completely different place, much more cosmopolitan and complex, and with a darker side to. the obama store, what people don't know is -- the real story of barack obama, sr. and his father takes place somewhere else, down in kendu bay, and that's where the african section of this book will start. >> final question. you want to introduce our viewers to -- [inaudible] >> leo, you could not make up. he belonged to some kind of african john rawl novel. he is 73 years old. he walks around with this menacing sort of club. he's got a deep rolling voice and laugh, and he seems to know everybody in africa. from the former president of tanzania to idi amin,
there's a whole nother group of obama's that i'm going to deal with, probably in a more substantive way than her, in terms of where the story really comes from. it reminded me a little bit of windows during the clinton book, and what people saw was, because he said, it is in clinton's convention acceptance, a man from hope. from hope arkansas this little town in arkansas. the simplicity of the world life and, in fact, he was from hot springs, a completely different place, much more cosmopolitan...
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Dec 28, 2012
12/12
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big obama supporter. for all of you people wearing beats headphones that money is going through ireland now because of that problem. heather: okay. before we get off on dr. dre, let's talk a little bit what is going on now, 30 minutes from now, any moment, they're starting to arrive, we have boehner, pelosi, mcconnell, reid. they're on capitol hill. what can president obama offer that both sides can agree to. >> unfortunately for individual members of the republican house it is to their interest to let tax increases go into effect. that way they won't be viewed as having raised taxes. they can come in and easier to negotiate with them. what the president, what we are hearing about what the president is proposing though, is a small deal to get them through the fiscal cliff so that it avoids some of the implications, some of the more damaging implications for the economy. i don't think the fiscal cliff honestly is really going to have a huge impact. our housing market and labor market remained firm and i th
big obama supporter. for all of you people wearing beats headphones that money is going through ireland now because of that problem. heather: okay. before we get off on dr. dre, let's talk a little bit what is going on now, 30 minutes from now, any moment, they're starting to arrive, we have boehner, pelosi, mcconnell, reid. they're on capitol hill. what can president obama offer that both sides can agree to. >> unfortunately for individual members of the republican house it is to their...
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Dec 28, 2012
12/12
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with the military, how to deal with congress, how to deal with conflicting advisers and so forth. i don't see this happening happening happening with barack obama. he has not brought in, despite the fact that he said he was going to have a team of rivals. other than hillary clinton, he is not brought in any rivals whatsoever. he has in fact hardly used his cabinet at all and he has created the zazu are of like mind with him, very liberal group of stars, including a woman named samantha power, who is one of his chief foreign-policy or advisers -- policy advisers. i don't think he has changed or developed a deeper or a better understanding of how to deal for instance with the economy than he did from day one. >> finally edward klein, author of "the amateur," i wanted to ask you about the report on a meeting with the story that president obama held at the white house. >> a very interesting meeting. it took place when he was in office only five months and he invited nine liberal historians to have dinner with him and the family quarters. no conservative historians were invited. during
with the military, how to deal with congress, how to deal with conflicting advisers and so forth. i don't see this happening happening happening with barack obama. he has not brought in, despite the fact that he said he was going to have a team of rivals. other than hillary clinton, he is not brought in any rivals whatsoever. he has in fact hardly used his cabinet at all and he has created the zazu are of like mind with him, very liberal group of stars, including a woman named samantha power,...
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Dec 28, 2012
12/12
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so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles. details of a shocking find in a gun buyback program. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth i
so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out....
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Dec 25, 2012
12/12
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president obama and speaker boehner were working toward a bigger package that was supposed to deal with the fiscal health, the long-term fiscal health of the country, which was what the fiscal cliff was supposed to be an incentive for. instead, thousanow it's looking there's some sort of measure to deal with the fiscal cliff, the tax hikes set to kick in and president obama wants them to cut off at $250,000 so for folks making less, they don't see their taxes increase and the spending cuts that are set to kick in and it's yet to be determined if that will be part of the smaller measure. we're waiting to see what harry reid comes up with. >> so if he comes up with something, all right, brianna, traveling with the president in honolulu. thank you. dana. >>> the big question is you and brianna were talking about is -- can congress come back here, which they're planning on doing on thursday, and can they figure some way to avert an economic disaster? joining me to talk about that and more, richard is back with us, former writer for clinton and nice to see you guys again. i want to play for
president obama and speaker boehner were working toward a bigger package that was supposed to deal with the fiscal health, the long-term fiscal health of the country, which was what the fiscal cliff was supposed to be an incentive for. instead, thousanow it's looking there's some sort of measure to deal with the fiscal cliff, the tax hikes set to kick in and president obama wants them to cut off at $250,000 so for folks making less, they don't see their taxes increase and the spending cuts that...
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Dec 24, 2012
12/12
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CNBC
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obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this holiday season. kids who don't want toys? as tots trade toys for tablets we wonder what is up with kids these days. tweet us and let us know what you think at squawk street. we have some of those answers right after this. ♪ why can't they be like we were perfect in every way ♪ hunger and diabetes.anage >>> most people are dreaming a white christmas but some are dreaming of a yellow christmas, the kind that comes in a little blue box. robert craig explains in today's million dollar minute. >> reporter: this holiday season some of the biggest gifts come in the smallest packages. yellow dia
obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this...
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Dec 27, 2012
12/12
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i think they have enormous incentive to deal right now because the poll numbers show that obama's numbers are gaining. democratic numbers are gaining. they're up in the 50s. republicans are down in the 20s and 30s. i think republicans lost the economic debate for now with democrats. i think there is lot of pressure on them to get this deal done soon and then, you know, we will start all over again because there will be a presidential budget in february and we'll be back at the table, negotiating this with the republicans right away. so it is just, should be seen as a little fiscal break or a fiscal, we'll come up with a better analogy but temporary stopgap measure what will then be, we're going to be starting this debate all over again in february. heather: mark, in terms of, you know, who the blame is placed upon and in terms of the public, poll after poll does show that they will blame republicans. is that a matter of messaging from republicans and what can they do, if anything, to change that? what have they done wrong? >> number one of the rasmussen poll today showed 44% would blame r
i think they have enormous incentive to deal right now because the poll numbers show that obama's numbers are gaining. democratic numbers are gaining. they're up in the 50s. republicans are down in the 20s and 30s. i think republicans lost the economic debate for now with democrats. i think there is lot of pressure on them to get this deal done soon and then, you know, we will start all over again because there will be a presidential budget in february and we'll be back at the table,...
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Dec 23, 2012
12/12
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MSNBCW
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president obama, house speaker john boehner, were very close to getting a deal. president obama had given a little on entitlement reform, house speaker john boehner had given a lit until terms of agreeing to increase taxes. but they just couldn't get to the finish line. ultimately, everything sort of fell apart. i've been speaking to aides at the white house who say president obama doesn't feel as though he needs to give in a whole lot more because he won the election and he ran on a platform of increasing taxes on those making $250,000 or more. chuck schumer addressed this issue earlier today. take a listen. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, $250,000. no tax increases to people below but taxes for people above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: so again there is senator chuck schumer. so certainly still big topic of conversation despite the fact that everyone is now on recess. alex, yesterday we spoke to some folks who said this is rea
president obama, house speaker john boehner, were very close to getting a deal. president obama had given a little on entitlement reform, house speaker john boehner had given a lit until terms of agreeing to increase taxes. but they just couldn't get to the finish line. ultimately, everything sort of fell apart. i've been speaking to aides at the white house who say president obama doesn't feel as though he needs to give in a whole lot more because he won the election and he ran on a platform...
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Dec 29, 2012
12/12
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do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party leaders in the senate, are going to be trying to find a way to get a deal today. we know their staff is talking. we don't expect actually any necessary meetings between those two leaders right away today. we think that their chiefs of staff are going to be on the phone, via e-mail. this reported from our producer, ted barrett. perhaps tonight they'll see if the leaders can sit down and get together something to present to their various caucuses. now as i said, it was silent until yesterday. then we heard many people speaking. again, we heard from preside
do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party...
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Dec 24, 2012
12/12
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christmas. >> merry christmas. >> thanks so much. >>> ahead on "starting point," eight days left to make a deal. does president the obama want to go off the cliff? why some say that's been the plan all along. we will talk to grover nor kwift, president of americans for tax reform top of the hour. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriousl
christmas. >> merry christmas. >> thanks so much. >>> ahead on "starting point," eight days left to make a deal. does president the obama want to go off the cliff? why some say that's been the plan all along. we will talk to grover nor kwift, president of americans for tax reform top of the hour. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data...
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Dec 26, 2012
12/12
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CNNW
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president obama leaving hawaii today to go back to washington for a last-ditch effort to reach a deal on the fiscal cliff. senate and house expected to reconvene tomorrow. as you know, we have just six days left before across-the-board tax increases and spending cuts take effect. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough. he recently had a low-grade fever. doctors remain cautiously optimistic about a full recovery. >>> a privacy breach in the facebook family. mark zuckerberg's sister says a family photo she posted on facebook was reposted by another woman on twitter. randy zuckerberg called that woman out. the woman said she thought it was public because it was in her facebook news feed. >>> in china, the world's longest high-speed rail train opens. 1,500 miles in eight hours on the train. the tickets are expensive starting at $138. many travelers say it's still cheaper and faster to fly. >>> tuf the right to know if your
president obama leaving hawaii today to go back to washington for a last-ditch effort to reach a deal on the fiscal cliff. senate and house expected to reconvene tomorrow. as you know, we have just six days left before across-the-board tax increases and spending cuts take effect. >>> former president george h.w. bush is still in a houston hospital. his wife, barbara, and other relatives at his side. the 88-year-old has been in the hospital for more than a month with a lingering cough....
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Dec 29, 2012
12/12
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and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy's growing. but sustaining that trend is going to require elected officials to do their jobs. >> o'brien, as we mentioned, you're there deep in t
and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the...
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Dec 27, 2012
12/12
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KPIX
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obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of coming together and everyo
obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that...
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Dec 26, 2012
12/12
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can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> the president heading back to d.c. from hawaii to try to keep america
can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪...
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Dec 26, 2012
12/12
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CSPAN2
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that said there's a great deal to be done. president obama's request for disaster assistance seeks $60.4 billion for recovery and mitigation. department of transportation shared request,$.7 billion and of that $11.7 billion the majority portion directly support the effort to repair and replace the effect of public transit infrastructure and make it more resilience. these funds would be administered through the new public transportation emergency relief program and i want to thank you for your leadership in establishing this program just a few months ago. the administration requested in its budget, you may recall i testified on its behalf before the committee in may of 2011. we are grateful to the senate appropriations committee for responding to the president's request for aid under this program. the support of both committees was timely as the new emergency relief program strengthens the authority to provide financial disaster assistance to transit agencies in times of greatest need and to better coordinate with partners of f
that said there's a great deal to be done. president obama's request for disaster assistance seeks $60.4 billion for recovery and mitigation. department of transportation shared request,$.7 billion and of that $11.7 billion the majority portion directly support the effort to repair and replace the effect of public transit infrastructure and make it more resilience. these funds would be administered through the new public transportation emergency relief program and i want to thank you for your...
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Dec 26, 2012
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right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is
right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting...
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Dec 26, 2012
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president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will get
president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a...
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and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends pay soared and so did the taxes napad on them as a result. if you reverse that tax cut and put the obamacare tax on top, dividends are going to collapse and so are the revenues that government will collect from the dividends. you'll have a similar result as you had in 1990 where they increased rather than declined. >> clayton: do we not learn from our history? this seems like it's just repeating all over again. politicians aren't aware of their history here and what we could go through again. we know what 1991 and 1992 looked like with that recession. it was hard. >> the tax increases we're talkin
and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends...
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there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no ind
there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time...
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Dec 24, 2012
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chuck wants us to do a deal like obama care where you bring in both sides and you think about all the -- you know, all the ideas from the republicans, all the ideas -- and then you adopt a bipartisan plan. >> did you read "the wall street journal" over the weekends? >> i did. >> boehner says i've given you $800 billion. >> what did it remind you of? >> that's some caddie shack. where spalding walks up to the shack and said i want a cheese birg, milkshake and fries. and his grandfather says, you'll get nothing and you will like it. you know what it reminds me of? elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was
chuck wants us to do a deal like obama care where you bring in both sides and you think about all the -- you know, all the ideas from the republicans, all the ideas -- and then you adopt a bipartisan plan. >> did you read "the wall street journal" over the weekends? >> i did. >> boehner says i've given you $800 billion. >> what did it remind you of? >> that's some caddie shack. where spalding walks up to the shack and said i want a cheese birg, milkshake...
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day is now just the day after tomorrow and there's still no sign leaders are closer to agreeing on a deal to avoid the fiscal cliff. here's brian mooar. >> as senate leaders were behind closed doors, president obama and republicans issued dueling messages on the web. >> we can't afford a politically self-inflicted wound to our economy. the economy is growing. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the area. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader myself and the white house, in hopes we can come forward as early as sunday and have a recommendation. >>
day is now just the day after tomorrow and there's still no sign leaders are closer to agreeing on a deal to avoid the fiscal cliff. here's brian mooar. >> as senate leaders were behind closed doors, president obama and republicans issued dueling messages on the web. >> we can't afford a politically self-inflicted wound to our economy. the economy is growing. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over...
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to deal with the fiscal cliff issues. air force one touched down a short while ago at andrews air force base in maryland. we're learning now the president has resumed talking with congressional leaders about trying to solve this crisis that lies just a few days ahead. molly henneberg keeping an eye on that live from the white house. molly? >> reporter: hi, jon, yes. president obama spoke to the top republican and the top democrat in both the house and the senate when he was in hawaii before flying back here to washington. still no negotiation sessions have been set, at least not publicly, not formally. the president cut short his vacation, he left his wife and daughters there in hawaii and flew back here to washington to be here at the white house for any last minute meetings on the fiscalcliff. the vice president is scheduled to be here at the white house for meetings as well. over in congress the senate is in session, the first time either the house or senate has been in session for legislative business between christma
to deal with the fiscal cliff issues. air force one touched down a short while ago at andrews air force base in maryland. we're learning now the president has resumed talking with congressional leaders about trying to solve this crisis that lies just a few days ahead. molly henneberg keeping an eye on that live from the white house. molly? >> reporter: hi, jon, yes. president obama spoke to the top republican and the top democrat in both the house and the senate when he was in hawaii...
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but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the extra week that there is. number two, we've had much lower cotton costs this year. their overall costs are lower. that's helping their earnings. number three, inventory levels are much lower. and that's going to help their gross margins. number four, we had pretty good gdp numbers in q-3. number five, home prices are i
but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it...
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Dec 28, 2012
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look, barack obama, as best has he can try to square this circle and make it right is dealing with a party that is basically, degenerating him to obama hatred. that is not me, back in 2008 he said and i quote, the republican is less and less like a traditional party. it is more like an cult than anything barack obama he does is the end of the world. >> what do you think is going to happen in the next two days? do you think they will reach an agreement? >> i'm not sure. i hope they do. obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you updates from the white house or the floor of the capitol. we heard from president obama earlier from the white house
look, barack obama, as best has he can try to square this circle and make it right is dealing with a party that is basically, degenerating him to obama hatred. that is not me, back in 2008 he said and i quote, the republican is less and less like a traditional party. it is more like an cult than anything barack obama he does is the end of the world. >> what do you think is going to happen in the next two days? do you think they will reach an agreement? >> i'm not sure. i hope they...
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now president obama has said that he is confident that his plan could make it through both chambers. but of course in the house, that will be a bigger challenge where he would need to get a substantial number of republicans to vote for it. the house and senate are expected to be back in session tomorrow. erica? >> all right. thanks. >>> so what exactly does going over the cliff mean for your wallet? jackie deangelis is here to break it down. good morning. >> good morning to you. >> as we heard, the impact could kick in quickly. what happened on tuesday -- what happens on tuesday if there's no deal? >> the fiscal cliff is basically a series of an expiration of tax cuts as well as some new taxes combined with spending cuts that if we don't reach by the end of the year, we're going to go over, okay? there's a few main points that are really important to look at. the ones that are going to impact average americans most, that's what you need to consider. the first is the expiration of the bush-era tax cuts. what this means is that basically income tax rates are going to go up for nearly a
now president obama has said that he is confident that his plan could make it through both chambers. but of course in the house, that will be a bigger challenge where he would need to get a substantial number of republicans to vote for it. the house and senate are expected to be back in session tomorrow. erica? >> all right. thanks. >>> so what exactly does going over the cliff mean for your wallet? jackie deangelis is here to break it down. good morning. >> good morning to...
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and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like
and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could...
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president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the cnn center in atlanta. first, we go to ennis standing by in miserable, snowy new york. it's a pretty p
president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive...
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. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with melissa lee, cramer and neighborer are off today but we are joined by dennis. good morning to you dennis, thanks for coming in. futures today, a lot to deal with as you probably know. the fiscal cliff headline watch continues. you just heard john kanas say the market not too concerned. futures up 21 points. decent data out of europe, we will talk about in a minute what a day for the asian markets again. also coming up. our road map begins at andrews air force base where the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news to
. >> all the big deal, boehner and obama tried to do last year, still have to do that, simpson boles-type thing. >> by what the secretary of the treasury said yesterday. >> right. >> thank you for being here. >> bromance. a lot of fun. make sure you join us tomorrow. "squawk on the street" begins right now. >>> good thursday morning, welcome to "squawk on the street" live from the new york stock exchange, i'm carl kin ten nia with...
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they want a two-year deal because no one wants to keep running on this stuff. and most importantly, to president obama, he has a state of the union and an inauguration speech to give. he wants to work on his legacy, not on this. >> so what -- you just said that the republicans really did just play right into the hands of the democrats. is that what you said? >> well, i think they fumbled the ball a little bit in their negotiations. i think, for example, even the optics of it, having president obama back in washington today, and having congress still out, is not the right message to end. people right now feel that the republicans are the party of no, that they are the ones causing this, they are going to get blamed. the fact of the matter is, is that they are doing the fiscal responsible thing here and that's where they can hang their hat. is that they have to hold on for deficit spending, and they still have the debt ceiling to hold in their back pocket if they need to. >> so what would, if you had been advising boehner, what would you advise him to say yes to?
they want a two-year deal because no one wants to keep running on this stuff. and most importantly, to president obama, he has a state of the union and an inauguration speech to give. he wants to work on his legacy, not on this. >> so what -- you just said that the republicans really did just play right into the hands of the democrats. is that what you said? >> well, i think they fumbled the ball a little bit in their negotiations. i think, for example, even the optics of it, having...
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a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and underscoring the peril we place in the country at this moment in time and that we have to resolve these issues. american people should not count on a stalemate. we're here to do our jobs in washington and we're seeing this failure demonstrated time and again because of ideological and political and philosophical stubbornness. what about the entire country? what about the good of the country? that's what's at stake for america, and i think that members of congress individually and collectively are responsible and th
a deal. we think to the budget and debt ceiling debacle. neither john boehner and to some degree mitch mcconnell have the ability to go back to their caucuses and get them to rally behind a deal they make. has that changed or does this change as we get closer to the deadline? >> i think it will change closer to the deadline. it will require the leaders to talk to their caucuses and talk to these individual members of the senate and the house of representatives and understanding and...
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they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my con
they realize that if there is no deal that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very...
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she said let's make a deal. her prediction, probably the right one, they're going to go home. suddenly once it passes, obama wim introduce his own package which will look like what he's proposing now, and they'll have nothing to do but accept it or else they'll get blamed for everything. >> can you recall a time in your life when you were aware of politics that encompasses, what, a couple of years, at least? a comparable level of incompetence in washington? >> the only thing i can think of is the last four years. i actually spent some of the time over the holidays for my sins reading bob woodward's book. and my overall reaction to all this is groundhog day. it's the same exact issues, some of the same players, same cautions of spending, entitlements, taxation, debt celling, what have you, nothing has changed. so what's so depressing to me is we've had four years or longer to wrestle with these issues. there's virtually been no signs on progress. here we are now with two more self-imposed ceilings. and increasingly, we've got a u.s. government that sticks a gun to its head. sor
she said let's make a deal. her prediction, probably the right one, they're going to go home. suddenly once it passes, obama wim introduce his own package which will look like what he's proposing now, and they'll have nothing to do but accept it or else they'll get blamed for everything. >> can you recall a time in your life when you were aware of politics that encompasses, what, a couple of years, at least? a comparable level of incompetence in washington? >> the only thing i can...
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if nobody is interested in getting this deal? >> as dana pointed out, lots of house republicans would rather vote on something after the 1st than before. i haven't seen any indication from obama or the people around him that they are okay with going over the cliff. they really do seem to want to do something before the deadline. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democ
if nobody is interested in getting this deal? >> as dana pointed out, lots of house republicans would rather vote on something after the 1st than before. i haven't seen any indication from obama or the people around him that they are okay with going over the cliff. they really do seem to want to do something before the deadline. they seem desperate to do that. plenty of liberals say, go over the cliff. big cuts in the pentagon and big tax hikes. the white house, from all indications that...